Constellation Brands - STZ Stock Forecast, Price & News

Constellation Brands, Inc., together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. It provides beer primarily under the Corona Extra, Corona Premier, Corona Familiar, Corona Light, Corona Refresca, Corona Hard Seltzer, Modelo Especial, Modelo Negra, Modelo Chelada, Pacifico, and Victoria brands. The company offers wine under the 7 Moons, Cook's California Champagne, Cooper & Thief, Crafters Union, Kim Crawford, Meiomi, Mount Veeder, Ruffino, SIMI, The Dreaming Tree, Charles Smith, The Prisoner Wine Company, Robert Mondavi, My Favorite Neighbor, and Schrader; and spirits under the Casa Noble, Copper & Kings, High West, Mi CAMPO, Nelson's Green Brier, and SVEDKA brands. It provides its products to wholesale distributors, retailers, on-premise locations, and state alcohol beverage control agencies. Constellation Brands, Inc. was founded in 1945 and is headquartered in Victor, New York.

Constellation Brands Stock Down 0.2 %

Shares of NYSE:STZ opened at $242.13 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.40 and a quick ratio of 0.70. The stock has a market capitalization of $44.74 billion, a P/E ratio of 36.58, a PEG ratio of 2.07 and a beta of 1.02. The firm's 50 day simple moving average is $240.87 and its two-hundred day simple moving average is $237.06. Constellation Brands has a one year low of $207.35 and a one year high of $261.52.

Constellation Brands (NYSE:STZ - Get Rating) last posted its earnings results on Thursday, June 30th. The company reported $2.66 EPS for the quarter, topping the consensus estimate of $2.51 by $0.15. The firm had revenue of $2.36 billion during the quarter, compared to analysts' expectations of $2.16 billion. Constellation Brands had a net margin of 12.72% and a return on equity of 17.19%. The company's quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company posted $2.33 EPS. As a group, analysts expect that Constellation Brands will post 10.91 EPS for the current fiscal year.

Constellation Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Wednesday, August 10th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $3.20 dividend on an annualized basis and a yield of 1.32%. Constellation Brands's dividend payout ratio (DPR) is 14.05%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on STZ shares. BMO Capital Markets initiated coverage on shares of Constellation Brands in a report on Tuesday, August 2nd. They set an "outperform" rating and a $290.00 price objective for the company. UBS Group dropped their price target on Constellation Brands from $285.00 to $270.00 and set a "buy" rating on the stock in a research report on Tuesday, June 21st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Constellation Brands from $248.00 to $240.00 and set a "hold" rating for the company in a research note on Friday, July 1st. Wells Fargo & Company lifted their price objective on shares of Constellation Brands from $275.00 to $280.00 and gave the company an "overweight" rating in a report on Wednesday, June 8th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $275.00 price target on shares of Constellation Brands in a research report on Wednesday, June 29th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $272.19.

Insider Transactions at Constellation Brands

In related news, Director Daniel J. Mccarthy sold 1,682 shares of the firm's stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $246.79, for a total value of $415,100.78. Following the transaction, the director now directly owns 3,232 shares of the company's stock, valued at approximately $797,625.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Constellation Brands news, major shareholder Wildstar Partners Llc sold 183,332 shares of Constellation Brands stock in a transaction on Friday, July 15th. The shares were sold at an average price of $242.81, for a total value of $44,514,842.92. Following the completion of the transaction, the insider now directly owns 100 shares of the company's stock, valued at approximately $24,281. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel J. Mccarthy sold 1,682 shares of the firm's stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $246.79, for a total transaction of $415,100.78. Following the completion of the sale, the director now owns 3,232 shares of the company's stock, valued at approximately $797,625.28. The disclosure for this sale can be found here. Insiders have sold a total of 1,612,813 shares of company stock worth $391,613,819 in the last ninety days. Insiders own 16.19% of the company's stock.